Friday, January 13, 2017
January 13, 2017: Tribal and Non-Native Water Protectors Challenge Wells Fargo to Divest from Dakota Access Pipeline
Since the fossil fuel divestment campaign began on university campuses in 2011 institutions worth $2.6 trillion have pulled their investments in coal, oil, and natural gas. The movement to demand financial institutions divest from the Dakota Access pipeline, which began late last year, is still in the early stages. 17 banks, including Wells Fargo, SunTrust and Citibank,are backing the pipeline. A recent protest in Seattle, lead by native leaders and water protector allies targeting Wells Fargo, shows the movement gaining momentum. Wells Fargo has close to $500 million invested in the pipeline.